Burda, Michael C.; Severgnini, Battista - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008
productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock … is poorly measured. Using synthetic data generated from a prototypical stochastic growth model, we explore the … state. As an application, we compute and compare TFP growth estimates using data from the new and old German federal states. …